×1 Award winner
$100 GeniusCash + Earn up to 
Pros & cons
Pros
- Up to 70,000 100,000 bonus points.
- 2 lounge passes in Mastercard Travel Pass.
- 13 types of insurance included.
- Up to 4 points per $1 spent on purchases.
- Save up to 7 cents per litre at Shell.
Cons
- Low point value of 0.67.
- High income requirements of either $80,000 personal or $150,000 household.
Your rewards
$100 GeniusCash offer
On approval, receive $100 GeniusCash on us when you apply for BMO Ascend World Elite Business Mastercard using this offer page.
GeniusCash offer expires on Oct 31, 2025.
Getting your welcome bonus
Based on $2,000 in monthly spending, you can get up to 20,000 points which translates to an estimated $134.◊
For all welcome bonus details click here.
How you earn rewards
Each card earns rewards differently. Part of choosing your card is deciding what type of rewards you want to get. With BMO Ascend World Elite Business Mastercard, here's how you earn rewards:
- 4 points per $1 on gas , office supplies, and cell phone/internet bills
- 1.5 points per $1 spent on all other purchases
For all reward details click here.
How much your rewards are worth
The dollar value of your rewards depends on the specific rewards program ‒ and what you choose to redeem your points for. For BMO Ascend World Elite Business Mastercard in particular, if you spend $2,000 per month, here's our estimated annual rewards earned depending on which reward you choose:
| Travel | $302 | |
| Investments | $302 | |
| Experiences | $293 | |
| Gift Cards | $252 | |
| Merchandise | $243 |
| Redemption Option | Point Value | Total Value |
|---|---|---|
| Travel | 0.67 cents | $7 |
| Investments | 0.67 cents | $7 |
| Experiences | 0.65 cents | $7 |
| Gift Cards | 0.56 cents | $6 |
| Merchandise | 0.54 cents | $5 |
Calculating your annual rewards
$24,000 annual spending x 1.26% return on spending = $302 annual rewards
$302 annual rewards − $149.00 annual fee = $153 net annual rewards
Details and eligibility
- Estimated Credit Score
- 560 - 659
- Personal Income
- $80,000
- Household Income
- $150,000
- Annual Fee
- $149.00
- First Year Free
- Yes
- Extra Card Fee
- $50
- Card type
- Credit
- Purchase
- 18.99%
- Cash Advance
- 23.99%
- Balance Transfer
- 23.99%
- Balance Transfer
- 0.00%
- Transfer Term
- 9 months
Insurance coverage
- Extended Warranty
- 1 year
- Purchase Protection
- 90 days
- Travel Accident
- $500,000
- Trip Cancellation
- $2,500
- Trip Interruption
- $2,000
- Flight Delay
- $500
- Baggage Delay
- $500
- Lost or Stolen Baggage
- $1,000
- Personal Effects
- $1,000
- Hotel Burglary
- $1,000
- Rental Car Theft & Damage
- Yes
- Rental Car Accident
- $200,000
- Rental Car Personal Effects
- $1,000
Please review your insurance certificate for details, exclusions and limitations of your coverage, terms and conditions apply.
Learn more about the value of credit card insurance coverage.
Genius Rating
BMO Ascend World Elite Business Mastercard's 4.1 Genius Rating is based on the weighted average of the following scores:
Methodology
All scores are produced by our math-based rating algorithm that takes into account over 126 credit card features.
Learn more about our rating methodology.
Awards
Each year for our annual credit card rankings our Genius Rating algorithm computes the best credit cards across 28 different categories. Here’s what this card has won this year:
Top cards from BMO
GC: $100
Our review
If you have a small business and you're looking to earn travel rewards for your spending?
Then the BMO Rewards World Elite Business Mastercard could be the answer.
This card will earn you BMO Rewards points on all of your purchases.
Earn the following when you spend on your card:
- 4 points per $1 on gas, office supplies, and cell phone/internet bills
- 1.5 points per $1 spent on all other purchases
Plus, new cardholders will be given the first year free and after your first purchase and $3,000 per month on months 3 to 12, you will earn a welcome bonus of 100,000 points.
With a BMO Rewards points being worth 0.67 cents each, that’s up to a 2.68% return on essential costs for your business. And with BMO Rewards, you’ll be able to redeem your points for a wide range of travel options.
You’ll have no problems finding ways to use your points.
Also, this card includes a host of insurance benefits including Trip Cancellation, Trip interruption and flight delay. Go on a business trip and you won’t have to pay any charges should something happen along your journey.
You’ll have added peace of mind knowing you’re covered.
All this for a $149 annual fee.
Would you prefer to earn AIR MILES? Consider the
Key benefits
BMO is not responsible for maintaining the content on this site. Please click on the Apply now link for the most up to date information.
User review
Reviewed by 1 Canadian
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Nice looking card so far ; I use it for daily business expenses and large purchases. I havent' had the ability to use points, travel coverage yet - but when i do, I will be back and review further.
